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Treasurys Up, Dollar Eases After Fed

NEW YORK—Treasurys rose, while the dollar declined modestly after the Federal Reserve left interest rates unchanged and reiterated its commitment to keep rates low for a while.

The Fed, which held a one-day policy meeting Tuesday, repeated language it has used over the past year—that "economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period." That phrase supports...